NREF posts $12.2 million Q3 2026 net loss; cash available for distribution $14.0 million
NexPoint Real Estate Finance reported a third-quarter 2026 net loss attributable to common stockholders of $12.2 million, or $0.65 per diluted share, compared with net income of $35.0 million in the third quarter of 2025. Cash available for distribution was $14.0 million, or $0.60 per diluted share, up from $0.53 a year earlier, and the company guided fourth-quarter 2026 CAD to $0.55 per diluted share at the midpoint. Book value fell 5.2% to $17.63 per share, which matters to shareholders because it reflects the GAAP loss and lower carrying value of the portfolio.
Key points
- Q3 2026 net loss attributable to common stockholders of $12.2 million ($0.65 per diluted share), versus net income of $35.0 million in Q3 2025
- Q3 2026 cash available for distribution of $14.0 million ($0.60 per diluted share), versus $0.53 in Q3 2025
- 4Q 2026 guidance: EAD of $0.42 and CAD of $0.55 per diluted common share at the midpoint; net income attributable to common stockholders of $6.8 million to $9.2 million
- Book value per share of $17.63, down 5.2% from $18.60 at the end of 2Q 2026; Q4 2026 dividend of $0.50 per common share was announced October 26, 2026
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.